DEKETELAERE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DEKETELAERE
Largest movements
- Cash -€611,372
down €611,372 (-74.4%), from €821,981 to €210,609
mainly Contributions, distributions and other (-€571,912) and Receivables within one year (-€568,339)
- Receivables within one year +€568,339
up €568,339 (+71.1%), from €799,017 to €1.4m
of which Other amounts receivable: +€428,810
- Tangible fixed assets +€223,274
up €223,274 (+20.2%), from €1.1m to €1.3m
of which Furniture and vehicles: +€333,099
- Stocks and contracts +€107,293
up €107,293 (+16.3%), from €656,365 to €763,658
- Other debts +€429,812
up €429,812 (+152%), from €283,471 to €713,283
- Reserves -€270,162
down €270,162 (-8.5%), from €3.2m to €2.9m
of which Distributable reserves: -€256,440
- Trade debts +€129,939
up €129,939 (+1,456%), from €8,922 to €138,861
- Current portion of long-term debt +€82,912
up €82,912 (+104%), from €80,108 to €163,021
- Debts after one year -€67,038
down €67,038 (-45.4%), from €147,666 to €80,628
- Gross operating margin -€152,036
down €152,036 (-13.2%), from €1.2m to €1.0m
- Staff costs -€107,211
down €107,211 (-19.4%), from €552,414 to €445,203
- Depreciation +€65,795
up €65,795 (+54.6%), from €120,419 to €186,213
- Financial income +€33,500
up €33,500 (+27.6%), from €121,228 to €154,729
- Taxes +€30,410
up €30,410 (+28.9%), from €105,295 to €135,705
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,036,883 | €4,318,508 | +€281,624 | +7.0% |
| Fixed assets | 21/28 | €1,239,865 | €1,463,139 | +€223,274 | +18.0% |
| Tangible fixed assets | 22/27 | €1,106,251 | €1,329,525 | +€223,274 | +20.2% |
| Land and buildings | 22 | €559,538 | €531,499 | -€28,039 | -5.0% |
| Plant, machinery and equipment | 23 | €114,386 | €69,121 | -€45,266 | -39.6% |
| Furniture and vehicles | 24 | €126,253 | €459,352 | +€333,099 | +264% |
| Other tangible fixed assets | 26 | €306,073 | €269,553 | -€36,520 | -11.9% |
| Financial fixed assets | 28 | €133,614 | €133,614 | = | 0.0% |
| Current assets | 29/58 | €2,797,018 | €2,855,369 | +€58,350 | +2.1% |
| Stocks and contracts in progress | 3 | €656,365 | €763,658 | +€107,293 | +16.3% |
| Stocks | 30/36 | €656,365 | €763,658 | +€107,293 | +16.3% |
| Amounts receivable within one year | 40/41 | €799,017 | €1,367,355 | +€568,339 | +71.1% |
| Trade receivables | 40 | €457,595 | €597,123 | +€139,528 | +30.5% |
| Other amounts receivable | 41 | €341,422 | €770,232 | +€428,810 | +126% |
| Current investments | 50/53 | €498,500 | €498,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €821,981 | €210,609 | -€611,372 | -74.4% |
| Deferred charges and accrued income | 490/1 | €21,155 | €15,246 | -€5,909 | -27.9% |
| Total equity and liabilities | 10/49 | €4,036,883 | €4,318,508 | +€281,624 | +7.0% |
| Equity | 10/15 | €3,336,983 | €3,066,821 | -€270,162 | -8.1% |
| Contributions | 10/11 | €173,790 | €173,790 | = | 0.0% |
| Capital | 10 | €173,790 | €173,790 | = | 0.0% |
| Issued capital | 100 | €173,790 | €173,790 | = | 0.0% |
| Reserves | 13 | €3,163,192 | €2,893,030 | -€270,162 | -8.5% |
| Non-distributable reserves | 130/1 | €515,879 | €515,879 | = | 0.0% |
| Legal reserve | 130 | €17,379 | €17,379 | = | 0.0% |
| Own shares acquired | 1312 | €498,500 | €498,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €177,165 | €163,444 | -€13,722 | -7.7% |
| Distributable reserves | 133 | €2,470,148 | €2,213,708 | -€256,440 | -10.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €55,094 | €50,520 | -€4,574 | -8.3% |
| Deferred taxes | 168 | €55,094 | €50,520 | -€4,574 | -8.3% |
| Amounts payable | 17/49 | €644,807 | €1,201,167 | +€556,360 | +86.3% |
| Amounts payable after more than one year | 17 | €147,666 | €80,628 | -€67,038 | -45.4% |
| Financial debts | 170/4 | €147,666 | €80,628 | -€67,038 | -45.4% |
| Amounts payable within one year | 42/48 | €485,288 | €1,120,539 | +€635,251 | +131% |
| Current portion of amounts payable after more than one year | 42 | €80,108 | €163,021 | +€82,912 | +104% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €8,922 | €138,861 | +€129,939 | +1,456% |
| Suppliers | 440/4 | €8,922 | €138,861 | +€129,939 | +1,456% |
| Taxes, remuneration and social security | 45 | €62,786 | €55,373 | -€7,413 | -11.8% |
| Taxes | 450/3 | €37,922 | €35,815 | -€2,107 | -5.6% |
| Remuneration and social security | 454/9 | €24,864 | €19,558 | -€5,306 | -21.3% |
| Other amounts payable | 47/48 | €283,471 | €713,283 | +€429,812 | +152% |
| Accrued charges and deferred income | 492/3 | €11,853 | €0 | -€11,853 | -100% |
| Non-recurring operating income | 76A | €242,110 | €32,500 | -€209,610 | -86.6% |
| Remuneration, social security and pensions | 62 | €552,414 | €445,203 | -€107,211 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,419 | €186,213 | +€65,795 | +54.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,283 | €9,624 | +€21,907 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €31,325 | €32,161 | +€836 | +2.7% |
| Non-recurring operating charges | 66A | - | €12,745 | +€12,745 | |
| Gross operating margin | 9900 | €1,154,303 | €1,002,267 | -€152,036 | -13.2% |
| Operating profit (loss) | 9901 | €462,429 | €316,322 | -€146,107 | -31.6% |
| Financial income | 75/76B | €121,228 | €154,729 | +€33,500 | +27.6% |
| Recurring financial income | 75 | €121,228 | €154,729 | +€33,500 | +27.6% |
| Financial charges | 65/66B | €35,181 | €38,170 | +€2,989 | +8.5% |
| Recurring financial charges | 65 | €35,181 | €38,170 | +€2,989 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €548,476 | €432,881 | -€115,595 | -21.1% |
| Transfer from deferred taxes | 780 | €3,286 | €4,574 | +€1,288 | +39.2% |
| Transfer to deferred taxes | 680 | €58,380 | €0 | -€58,380 | -100% |
| Income taxes | 67/77 | €105,295 | €135,705 | +€30,410 | +28.9% |
| Profit (loss) for the period | 9904 | €388,088 | €301,750 | -€86,338 | -22.2% |
| Transfer from tax-exempt reserves | 789 | €9,858 | €13,722 | +€3,864 | +39.2% |
| Transfer to tax-exempt reserves | 689 | €175,139 | €0 | -€175,139 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €222,807 | €315,472 | +€92,665 | +41.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.